When these oil & gas exploratioin companies file for bankruptcy, do these cease operations? Or just keep pumping without having to make debt payments? I'm trying to figure out if the recent spate of bankruptcies will help take some of the over-produciton off the market. Thanks.
Per earning release through 12/26/15, diluted shares o/s have dropped to 5.6 bill vs. 5.8 bill on 9/30/15 & 6.6 bill on 9/30/11. Having 5.6 bill shs o/s is a lot, but at this rate, they're drying up fast.
Any chance Herbalife will re-start their share buyback program anytime soon? Per 9/30/15's financials, HLF's position looks to be stable enough. Current assets now stand at $1.5 bill (vs. $1.4 bill yr ago); and total liabilities at $2.6 bill (vs. $2.7 bill yr ago). Combined with $90 mill or so in net income, and it seems to me to be a slam dunk reason to resume the share buyback. Maybe someone can ask on the upcoming conference call.
great news... now ftc can end their investigation as well
Flute, even if HLF stated they're waiting for FTC to make a ruling, that would be good enough for me. Also, we still don't know how many active investigations is going on. Is it just FTC? or others?
Per the last confer call on 11/3/15, there wasn't one question or comment on the ftc or any other investigation. On the next confer call, could someone get through and ask Managemen to provide an update on all investigations. Specifically, what active investigations are ongoing against Herbalife? And where exactly does the investigation stand with regard to the regulator issuing the results of their investigation?. Thanks.
I don't know how much Valeant is price gouging. As an illustrative example, a Democrat voter told Mrs. Clinton the cost of her drug went to $14k vs. only $3k in 2014. Mrs. Clinton; being the hate-monger that she is, pandered to the crowd & said how outrageous Valeant's actions were. At first, this really does sound outrageous. However, a simple internet search shows Walmart to be selling 10 ampules of D.H.E. 45 for $456.22. So is it just a case of lazy consumers not price shopping?
Here's why I think Apple's shares move up to $200 within the next year or so. Apple is making about $55-$60 bill/yr and buying back shares at a healthy rate. As of 12/31/15, Apple has 5.6 bill shs o/s diluted. At $100 share price, that works out to $560.0 bill market cap. Apple is sitting on a net positive cash position of $88.90 billion; that's after paying off all debts. So Apple would only need another $471.1 billion to buy up 100% of its o/s shares. If apple maintains earnings of $55-60 bill/yr, we could see Apple buy up all its shares in the next 9 or 10 years. Before anyone says impossible, just look at the diminishing share count, i.e., from 9/30/13 to 12/26/15, AAPL's o/s shs diluted have dropped from 6.5 billion to 5.6 billion. If Apple's profits continue; and share price remains at around a 10 p/e, look for shares to really start drying up and share price to go up dramatically.
Could Watson ever team up with a search engine to challenge Google? If so, it would really be a game-changer.
Flute, unless you summed up 15 days of activity; and compared against the semi-monthly change, I wouldn't draw the same conclusion.
Flute, the site says "short volume" was 798,335 shs. How does this indicate if the short position is growing? It's just volume? no?
Per WSJ, HLF's short position is down to 22.1 mill. The shorts are clearly trying to cover. Per 3Q15 10-Q thru 9/30/15, Herbalife had 85.7 mill shs o/s. If Herbalife keeps reporting profitable results, the shorts will have an increasing tougher time covering. The short ratio is extremely high.
per WSJ, Ackman's Pershing Square sold 5 mill shares of Valeant in the 4th Qtr '15 to generate tax losses for its investors. Maybe this explains the relatively low share price. VRX has about 351 mill shs o/s. So 5 mill shares would have an impace.
per 3Q '15 confer call - With regard to S. Korean customer not paying, here's what the conference call reflects: "As previously announced, the company has experienced a delay in its payment collection with respect to a South Korean customer. To better manage its financial risk, the company implemented a ceasing supply to the customer. While the customer has continued its payment and mutual agreement on pricing and specification of product what was reached, the company will resume shipping products to this customer only after all of the outstanding balance is collected as contractually agreed." Then on the q&a... "Just a couple of questions on the relationship with the Korean customer, I was glad to see that you’re still paying, or the entity is still paying but at a slower rate. . ." Management responded "You have noted very correctly the customers have been paying, even though not to the full overdue, but based on our communication with the customer, we believe the outstanding balance will be able to be collected by the end of this year." Two observations: #1 - Whatever the overdue balance is, it won't be a total loss because the customer is paying. #2 - The hit to earnings, if any, will be minimized because the customer is paying.
Per today's news release, Xinyuan will be issuing bonds w/ nominal 5.5 to 7.5% interest rates. Given that XIN's current financing is as high as 12.5%, I would think this is good news & should move shares higher. The actual interest rate will of course be determined by the market.
Given Xinyuan's success at Oosten, why wouldn't the Hell’s Kitchen development site for nearly $60 million be just as successful? Granted, $60 mill for the little piece of real estate seems outrageous. But if that's the going price; and Xinyuan can turn a profit from building condos on the site, then why not?